Omkeshwar Singh, head, Rank MF, (external link) a mutual fund investment platform, answers your queries:
Ranjan Das: Hope you are doing well in this adverse situation.
I am a regular follower of your articles published on Rediff.com.
I need your valuable suggestion for creating a corpus of Rs 1 crore in the next 8-10 years.
I have started monthly SIPs totalling Rs 6,000 in 2019 in the following funds. I have also made a lump sum investment of of Rs 1 lakh in 2019.
I seek your advice to invest an additional Rs 10,000 per month via SIP.
Which are the best funds I should go for? Also, please suggest if I should continue with the current funds to reach my target corpus.
| Mutual Funds | Plan | Amount |
| HDFC Mid-Cap Opportunities Fund | Growth | Rs 2,000 |
| SBI Blue Chip Fund | Direct | Rs 2,000 |
| HDFC Capital Builder Value Fund | Growth | Rs 2,000 |
| HDFC Balanced Advantage Fund | Growth | Rs 1 lakh, lump sum |
Omkeshwar Singh: You may just add one fund -- Axis ESG Equity Fund.
To reach a corpus of Rs 1 crore in 10 years, a SIP amount of Rs 40,000 will be required.
Do plan accordingly.
Abhishek Gupta: Hope you are doing well.
I am looking for the best performing ELSS fund in the last 3-5 years.
I plan to invest Rs 5,000 per month via SIP.
I am 39 years old and have very recently started investing in MFs with the aim of generating a corpus of Rs 2 crores by the time I turn 55.
Other than MF, I invest in PPF and plan to start NPS soon.
I am currently investing in the mutual funds listed below.
Any other suggestion like a good flexicap fund or any other?
Given the market condition, should I wait for few months to start new SIP?
| Mutual Funds | Plan | Amount |
| Axis Focused 25 Direct | Growth | Rs 3,500 |
| Axis MidCap Direct | Growth | Rs 3,000 |
| Axis Bluechip Direct | Growth | Rs 6,000 |
| SBI Magnum Midcap Direct | Growth | Rs 2,000 |
Omkeshwar Singh: In the flexicap category, you may consider UTI Flexi Cap or PPFAS Flexi Cap, growth option.
There is no need to wait. In case you do want to wait, please wait till the Budget, but not beyond that.
Shubham Singhania: Hello Sir. Wish you are in good health!
You are doing tremendous work and I follow a lot of your advice.
I would like to share my family's SIP portfolio to get your review.
We have a minimum horizon of 10 years.
Father (50 years):
| Mutual Funds | Amount |
| Axis Midcap Fund | Rs 5,000 |
| Canara Robeco Bluechip Equity | Rs 2,500 |
| ICICI Prudential Technology Fund | Rs 5,000 |
| Mirae Asset Emerging Bluechip Fund | Rs 2,500 |
Mother (50 years)
| Mutual Funds | Amount |
| ICICI Prudential Technology Fund | Rs 4,000 |
| Mirae Asset Emerging Bluechip Fund | Rs 2,500 |
| PPFAS Flexi Cap Fund | Rs 5,000 |
| PGIM India Global Equity Opportunities Fund | Rs 4,000 |
| Quant Active Fund | Rs 4,000 |
| Quant Small Cap Fund | Rs 2,500 |
Myself (25 years)
| Mutual Funds | Amount |
| Axis Midcap Fund | Rs 5,000 |
| Axis Small Cap Fund | Rs 5,000 |
| Nippon India Growth Fund | Rs 5,000 |
| Invesco India Mid Cap Fund | Rs 5,000 |
| Mirae Asset Emerging Bluechip Fund | Rs 2,500 |
Sister (20 years)
| Mutual Funds | Amount |
| Kotak Small Cap Fund | Rs 5,000 |
| Invesco India Mid Cap Fund | Rs 2,500 |
| Mirae Asset Emerging Bluechip Fund | Rs 2,500 |
| PPFAS Flexi Cap Fund | Rs 5,000 |
| PGIM India Flexi Cap Fund | Rs 2,500 |
I have recently closed these SIPs; should I restart any of them?
| Mutual Funds |
| HDFC Mid-Cap Opportunities Fund |
| Sundaram Rural and Consumption Fund |
| IDFC Flexi Cap Fund |
| IDFC Sterling Fund |
| Nippon India Small Cap Fund |
Please suggest any additions or deductions.
Omkeshwar Singh: Please continue for all of you. As for the funds you have discontinued, let them remain discontinued.
Rakesh Thakur: I am 56 years old, have available funds of Rs 60 lakhs which I want to use in SWP MF scheme to earn 50k/month immediately and also see a decent growth for next 15 years please. Thanks.
Omkeshwar Singh: You may consider the below basket (20% of corpus for investment and 20% of SWP amount from each)
| Mutual Funds | Plan | Per cent |
| Edelweiss Balanced Advantage Fund | Growth option | 20 |
| Canara Robeco Equity Hybrid Fund | Growth | 20 |
| Motilal Oswal Equity Hybrid Fund | Growth | 20 |
| Union Balanced Advantage Fund | Growth | 20 |
| Tata Balanced Advantage Fund | Growth | 20 |
Gaurang Pathak: Where should I invest my savings for regular income after retirement?
Omkeshwar Singh: You should have a combination of debt (banking, PSUs, gilts and corporate bonds) and a balanced advantage hybrid fund with a SWP option.
Rahul Singh: I am 34. I started SIP in MFs since 2019 and presently contribute a total of Rs 25,000 monthly:
I will be increasing my monthly SIP. Is there any other fund which I should invest in? Or should I keep going with the same?
| Mutual Funds | Plan |
| 1. Mirae Asset Emerging Bluechip | Direct growth |
| 2. Mirae Asset Tax saver | Direct growth |
| 3. SBI Banking & Financial Services | |
| 4. SBI Small Cap | |
| 5. Franklin India Feeder US Opportunities | |
| 6. Mirae Asset NYSE Fang + ETF Fund of Fund |
Omkeshwar Singh: Don't add any more, these are good funds. If you want to increase in these funds only, avoid sectoral funds.
Rushabh Shah: I am 37 years and am investing in these mutual fund via a monthly SIP.
SIPs for funds 4 to 13 and 15 to 19 have been discontinued.
Request your valuable guidance.
| Mutual Funds | Plan | Amount |
| 1. Kotak Emerging Equity | Rs 5,000 | |
| 2. Mirae Asset Large Cap Fund | Rs 3,000 | |
| 3. Canara Robeco Emerging Equities | Direct Plan- Growth | Rs 3,000 |
| 4. Axis Long Term Equity Fund | Direct Plan- Growth | |
| 5. Aditya Birla Sun life Dynamic Bond Fund | ||
| 6. HDFC Housing Opportunities Fund | Growth | |
| 7. SBI Equity Hybrid Fund | Direct Growth | |
| 8. SBI Blue Chip Fund | Direct Growth | |
| 9. ICICI Prudential All Seasons Bond Fund | Direct Growth | |
| 10. Mirae Asset Emerging Bluechip Fund | Direct Growth | |
| 11. Invesco India Growth Opportunities Fund | Direct Growth | |
| 12. UTI Midcap Fund Growth Option | ||
| 13. IDBI India Top 100 Equity Fund | ||
| 14. SBI Magnum Gilt Fund | Direct Growth | |
| 15. Axis Bluechip Fund | Direct Plan | Rs 5,000 |
| 16. SBI Magnum Midcap Fund | Direct Growth | |
| 17. SBI Equity Hybrid Fund | Regular Growth | |
| 18. SBI Magnum Midcap Fund | Regular Growth | |
| 19. UTI Flexi Cap Fund | Growth Option- Direct | |
| 20. ICICI Prudential Value Discovery Fund | Growth |
Omkeshwar Singh: 1 to 3 are fine. Instead of 15, continue with 19.
Nandan Babu: I'm 49 years old and want to start investing in mutual funds.
Till date, my investments are either in real estate or gold. Now, I would like to start with some investments to secure my retirement.
Since I'm completely new to the subject, kindly do suggest and guide me as to which mutual funds I should invest in initially for better results.
If you can help me with the process, I would be very grateful.
Omkeshwar Singh:
You may consider the below basket
| Mutual Funds | Plan | Per cent |
| Edelweiss Balanced Advantage Fund | Growth option | 20 |
| Canara Robeco Equity Hybrid Fund | Growth | 20 |
| Motilal Oswal Equity Hybrid Fund | Growth | 20 |
| Union Balanced Advantage Fund | Growth | 20 |
| Tata Balanced Advantage Fund | Growth | 20 |
If you want Mr Singh's advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Ask MF Guru', along with your name, and he will offer his unbiased views.
Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.
Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.
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